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Chief Executive of the Hong Kong Monetary Authority: The government is discussing with the industry to explore the next token issuance to open up new possibilities

On November 2nd, Hong Kong Monetary Authority CEO Eddie Yue said at the 8th Hong Kong Fintech Week main forum that use cases such as tokenized bonds have surpassed the conceptual validation stage and have been applied in actual transactions. Yue said, "In fact, earlier this year, we assisted the government in issuing the world's first tokenized government green bond to demonstrate the compatibility of Hong Kong's legal and regulatory environment with this new issuance form." He added that the government is already discussing with the industry to "explore the next tokenized issuance to open up new possibilities." Yue said, "Looking ahead, we can expect an increase in tokenization of differences to support gradual adoption. I also expect the use of blockchain-based payment methods to increase, including stablecoin wallets or tokenized deposits provided by banks." (The Block)

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